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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Morgan Stanley Whispers: Will The Government Take Us Over?

Inside Morgan Stanley there is a lot of talk this afternoon about a potential government takeover. The widespread expectation that Mitsubishi will attempt to renegotiate its investment in the firm, if not walk away altogether, and the looming threat of downgrades from S&P and Moody’s, has many wondering if the firm can make it into next week intact.

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